Write out

Write out

The procedure used when a specialist makes a trade involving his own inventory, on one hand, and a floor broker'sorder, on the other. The broker must first complete the trade with the specialist, who then transacts a separate trade with the customer.

Write Out

A situation in which a specialist on the floor of an exchangefills an order using his/her own store of inventory with the expectation that the customer will pay him/her back. For example, if a specialist receives an order to sell 1,000 shares of Security A, he/she may sell 1,000 of his/her own shares in Security A, with the expectation that the customer will then sell the specialist the 1,000 shares he/she wished to sell at the agreed-upon price.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.